Ethereum ETF continues to attract capital despite market correction
Spot Ethereum ETF funds in the US continue to record positive inflows, while Bitcoin ETF reversed course after remarks by Federal Reserve Chair Kevin Warsh at Jackson Hole. The latest data shows that ETH ETFs have maintained a run of several consecutive sessions with net inflows, with total inflows of about $1.42 billion since August 17.
On the other hand, spot Bitcoin ETFs saw withdrawals of approximately $201.8 million on August 28, ending a streak of nine straight sessions of inflows.
ETH holds higher price levels
Ethereum remains above the $2,400 zone following the market’s correction. ETH prices faced selling pressure after the Jackson Hole conference, but ongoing inflows into the ETFs indicate that institutional demand for this asset is still being maintained.
ETH
2,456.17
+0.68%
Spot Ethereum ETF funds in the US continue to record positive inflows, while Bitcoin ETF reversed course after remarks by Federal Reserve Chair Kevin Warsh at Jackson Hole. The latest data shows that ETH ETFs have maintained a run of several consecutive sessions with net inflows, with total inflows of about $1.42 billion since August 17.
On the other hand, spot Bitcoin ETFs saw withdrawals of approximately $201.8 million on August 28, ending a streak of nine straight sessions of inflows.
ETH holds higher price levels
Ethereum remains above the $2,400 zone following the market’s correction. ETH prices faced selling pressure after the Jackson Hole conference, but ongoing inflows into the ETFs indicate that institutional demand for this asset is still being maintained.
ETH
2,456.17
+0.68%